Anyone else find it crazy that people apply deep technical analysis to such a thinly traded, easily manipulated market?

I always have to laugh when I see these posts over in Speculation that prognosticate the next move on moving averages and statistical analysis when one dude in his pajamas with $17k can go 10:1 short and instantly crash the market.

I actually think it was inevitable that platforms allowing leverage and margin came online. Not a Zhou hater, although * displays it's infancy at this point.

Trading this market sometimes feels like a mixture of tequila and supercars. One has fun, the other dies. Bitcoin has a lot of growing to do before a combination of liquidity and HFT will begin to make it behave more like the big markets.

Semi-random story as part of my feeble journey to escape the bonds of newbie-dom:

This weekend, I was talking about bitcoin with my mother. At one point, she asks my how much money I made from mining. I said "around $20 a day at the current exchange rates", to which she exclaimed "You make over $1,000 a week for doing nothing?!". Mental math is not one of my mom's strong points.